Astella

Astella Journey IV is a venture capital fund established in 2020 and managed by Astella Investimentos, a firm based in Sao Paulo, Brazil. The fund focuses on early-stage investments, primarily targeting companies involved in sectors such as cloud infrastructure, smart applications, internet of things, content, e-commerce, e-education, and platform software and services. Astella Investimentos specializes in providing growth capital and seeks to empower Brazilian entrepreneurs who aim to innovate and contribute to the country's development. The firm typically makes equity investments ranging from R$0.10 million to R$1.5 million, acquiring ownership stakes between 10 percent and 25 percent in its portfolio companies.

Cassio Azevedo

Principal

Daniel Chalfon

Partner

Laura Constantini

Partner

Guilherme Lima

Investor

Edson Rigonatti

Partner

Luiza Ulysséa Santos

Investor

Marcelo Sato

General Partner

Past deals in Brazil

Gabriel

Venture Round in 2024
Gabriel Tecnologia Ltda, established in 2019 and based in Rio de Janeiro, Brazil, specializes in providing video surveillance services by integrating high-definition cameras with nano computers. The company focuses on delivering military-grade encryption and enterprise-quality service, ensuring a secure experience for residential buildings and medium-sized businesses. Gabriel offers a unique model that eliminates installation costs, hardware purchases, and maintenance hassles, while providing 24/7 monitoring of properties and neighborhoods. Their technology incorporates machine learning algorithms to recognize suspicious patterns, enhancing safety and security. Additionally, the firm provides an accessible application for users, alongside perpetual video cloud storage, making it a comprehensive solution for public and private security needs in Brazil and beyond.

bem-te-vi

Seed Round in 2023
bem-te-vi is a Brazilian Insurtech startup focused on credit insurance products.

Estoca

Venture Round in 2023
Estoca is a decentralized logistics platform that specializes in Fulfillment-as-a-Service for multi-channel businesses. The company enables efficient goods delivery within less than two days in major Brazilian cities, ensuring a straightforward setup for clients. Utilizing a network of warehouses, Estoca employs a predictive algorithm to optimize the allocation of products, positioning them in proximity to customers for streamlined last-mile delivery. This approach allows businesses to manage their logistics processes effectively, enhancing their operational efficiency and customer satisfaction.

bem-te-vi

Pre Seed Round in 2022
bem-te-vi is a Brazilian Insurtech startup focused on credit insurance products.

Gavea Marketplace

Seed Round in 2022
Gavea Marketplace Ltda. is a digital blockchain-based commodities exchange and trading platform founded in 2019 and based in Rio de Janeiro, Brazil. The platform facilitates the trading, execution, and settlement of physical commodities, enhancing efficiency and reducing costs for participants. By connecting buyers and sellers in a secure and transparent environment, Gavea Marketplace promotes sustainable trading practices, ensuring full traceability of product origins and conducting ESG checks throughout the supply chain. Its tools allow users to close deals, generate and sign contracts digitally, and access essential market data, including pricing and business insights.

Topster

Pre Seed Round in 2021
Topster operates a social retail technology service platform focused on the automotive industry. It offers content about cars and facilitates car owners interested in selling their vehicles to advertise for free while receiving assistance from advisors across Brazil, enabling users to purchase quality cars at competitive prices.

Sallve

Series B in 2021
Sallve is a Brazilian direct-to-consumer beauty brand dedicated to revolutionizing the cosmetics industry. It offers a range of personal care products, developed by a team combining successful digital entrepreneurs, influential beauty experts, and seasoned industry executives.

Sled

Seed Round in 2021
Sled is a technology-driven startup that addresses the challenges retail businesses face related to cash transactions, specifically the shortage of coins for change. The company provides a digital solution that allows retailers to deliver change electronically to customers, which helps eliminate cash shortages and reduces costs associated with cash handling. Sled's platform integrates with major point-of-sale and electronic transaction systems, enabling seamless transactions for large retail chains in Brazil. In addition to facilitating digital change, Sled offers a cash withdrawal service for Mastercard clients at retail locations and is in the process of expanding its services to include other major payment brands like Visa and Elo. By streamlining cash transactions, Sled aims to enhance the efficiency and reliability of retail operations.

BossaBox

Seed Round in 2020
BossaBox is a Brazilian platform that operates as a managed marketplace for software development and related technology services. It connects freelance designers, developers, and remote managers to create customized software through agile, on-demand squads composed of senior professionals. The platform supports online design and development, delivering digital products through iterative delivery and continuous user feedback, with contractually guaranteed performance. Founded in 2017 and headquartered in Sao Paulo, BossaBox aims to reduce technology project risk and improve outcomes for enterprises and tech-driven companies by enabling rapid, tailored software creation while empowering the Latin American tech community.

Dr. JONES

Seed Round in 2020
Dr. JONES operates in the men's hygiene and beauty market, focusing on transforming the landscape in Brazil. The company offers a range of products designed specifically for men, including face washes, body soaps, and beard care items. Additionally, Dr. JONES provides monthly razor subscriptions and dietary supplements, aimed at enhancing the grooming and self-care routines of its customers. Through its diverse product offerings, Dr. JONES seeks to meet the unique needs of men in personal hygiene and beauty.

Dr. JONES

Seed Round in 2020
Dr. JONES operates in the men's hygiene and beauty market, focusing on transforming the landscape in Brazil. The company offers a range of products designed specifically for men, including face washes, body soaps, and beard care items. Additionally, Dr. JONES provides monthly razor subscriptions and dietary supplements, aimed at enhancing the grooming and self-care routines of its customers. Through its diverse product offerings, Dr. JONES seeks to meet the unique needs of men in personal hygiene and beauty.

Dr. JONES

Pre Seed Round in 2019
Dr. JONES operates in the men's hygiene and beauty market, focusing on transforming the landscape in Brazil. The company offers a range of products designed specifically for men, including face washes, body soaps, and beard care items. Additionally, Dr. JONES provides monthly razor subscriptions and dietary supplements, aimed at enhancing the grooming and self-care routines of its customers. Through its diverse product offerings, Dr. JONES seeks to meet the unique needs of men in personal hygiene and beauty.

Exact Sales

Series A in 2019
Exact Sales develops cloud-based sales and pre-sales software for small and medium-sized businesses. Founded in 2015 by Felipe Roman and Theo Orosco, the company is headquartered in Santa Carina, Brazil. Its software automates sales processes and enables pre-sales assessments, helping companies generate leads, shorten the sales cycle, and optimize business processes. The platform provides an analytics-driven methodology that guides users in developing effective pre-sales workflows and suggests data-based actions to increase the likelihood of closing deals, with a focus on reducing time-to-sale and customer acquisition costs.

Sallve

Series A in 2019
Sallve is a Brazilian direct-to-consumer beauty brand dedicated to revolutionizing the cosmetics industry. It offers a range of personal care products, developed by a team combining successful digital entrepreneurs, influential beauty experts, and seasoned industry executives.

RD Station

Series D in 2019
RD Station provides an intuitive and integrated marketing automation platform to help businesses get a better ROI on digital ad spending using fewer programs and tools. With the cloud-based RD Station software, clients can track leads, create landing pages, drive inbound traffic, distribute content, monitor social media, and more, all in one place. In addition to the user-friendly technology, RD Station offers free educational resources like eBooks, webinars, courses, templates, and follow-up implementation services to ensure that even the most digitally inexperienced clients become marketing mavens. It was founded in 2011 and is headquartered in Florianópolis, Brazil.

JOTA

Venture Round in 2019
JOTA is a SaaS company that combines artificial intelligence, big data, and journalism to deliver insights and predictive analysis on government activities in Brazil. It aims to enhance transparency and predictability in the legal, regulatory, and political environment for businesses.

Sallve

Seed Round in 2019
Sallve is a Brazilian direct-to-consumer beauty brand dedicated to revolutionizing the cosmetics industry. It offers a range of personal care products, developed by a team combining successful digital entrepreneurs, influential beauty experts, and seasoned industry executives.

Bom Pra Crédito

Series A in 2018
Bom Pra Crédito a Brazilian website that provides online credit products for the general population, as well as qualified applicants for our financial Institution partners.

Omie

Series A in 2018
Omie is a Brazilian software company that provides cloud-based enterprise resource planning and financial services for small and medium-sized businesses. Its platform combines accounting, customer relationship management, and invoicing tools, enabling users to issue fiscal notes, manage receivables, and monitor day-to-day operations while integrating customer data across the business. The platform also serves as an ecosystem linking entrepreneurs with accounting firms, facilitating collaboration through consultants and enablers who promote adoption. Founded in 2013 and headquartered in São Paulo, Omie emphasizes simplicity, intuitive use, and affordability.

Zygo

Seed Round in 2018
Zygo is a technology company based in Florianópolis, Brazil, that focuses on helping restaurants enhance customer retention. Founded in 2015, Zygo provides a customer loyalty tool that combines specialized consultancy with technology for creating marketing campaigns and a benefits club. This approach allows restaurant owners to build their own customer base while facilitating increased returns on their marketing investments. By prioritizing customer loyalty, Zygo aims to support the long-term success of restaurants.

Bom Pra Crédito

Seed Round in 2017
Bom Pra Crédito a Brazilian website that provides online credit products for the general population, as well as qualified applicants for our financial Institution partners.

Itaro

Series B in 2015
Itaro is an innovative e-commerce platform specializing in the automotive sector, offering a comprehensive marketplace for both physical products and automotive services. The platform features a wide range of products, including tires, car accessories, and parts, while also facilitating the booking and evaluation of various automotive services. Clients can efficiently manage payment and scheduling through Itaro's web and mobile applications. The company collaborates with approximately 700 partner garages throughout Brazil to deliver acquired services, ensuring convenience for customers. Additionally, Itaro provides a business-to-business platform designed to support these partnering garages with a variety of services, enhancing their operational capabilities.

Omie

Venture Round in 2015
Omie is a Brazilian software company that provides cloud-based enterprise resource planning and financial services for small and medium-sized businesses. Its platform combines accounting, customer relationship management, and invoicing tools, enabling users to issue fiscal notes, manage receivables, and monitor day-to-day operations while integrating customer data across the business. The platform also serves as an ecosystem linking entrepreneurs with accounting firms, facilitating collaboration through consultants and enablers who promote adoption. Founded in 2013 and headquartered in São Paulo, Omie emphasizes simplicity, intuitive use, and affordability.

RD Station

Series B in 2015
RD Station provides an intuitive and integrated marketing automation platform to help businesses get a better ROI on digital ad spending using fewer programs and tools. With the cloud-based RD Station software, clients can track leads, create landing pages, drive inbound traffic, distribute content, monitor social media, and more, all in one place. In addition to the user-friendly technology, RD Station offers free educational resources like eBooks, webinars, courses, templates, and follow-up implementation services to ensure that even the most digitally inexperienced clients become marketing mavens. It was founded in 2011 and is headquartered in Florianópolis, Brazil.

Smartbill Assinaturas

Series A in 2015
Smartbill is a cloud-based subscription management system that allows companies of all sizes to join the subscription business model. Smartbill is available only companies operating in Brazil (by now). The system covers all the subscription cycle: (a) Subscription - business rules, pricing, payment method, parameters, etc, (b) invoicing, (c) billing, (d) payment conciliation and (e) upgrades, downgrades, add-ons, renewals.

Itaro

Series A in 2015
Itaro is an innovative e-commerce platform specializing in the automotive sector, offering a comprehensive marketplace for both physical products and automotive services. The platform features a wide range of products, including tires, car accessories, and parts, while also facilitating the booking and evaluation of various automotive services. Clients can efficiently manage payment and scheduling through Itaro's web and mobile applications. The company collaborates with approximately 700 partner garages throughout Brazil to deliver acquired services, ensuring convenience for customers. Additionally, Itaro provides a business-to-business platform designed to support these partnering garages with a variety of services, enhancing their operational capabilities.

Sophie & Juliete

Series B in 2014
Sophie & Juliete is a Brazilian company founded in 2012, based in Sao Paulo, that operates an online jewelry and accessories platform. The company specializes in social selling, providing women with the opportunity to establish their own fashion businesses. Its accessories line is sold exclusively through independent stylists, who can market the products online or host sales events in private settings, such as gatherings at friends' homes. Sophie & Juliete aims to integrate social media and internet sales to create flexible and profitable business opportunities tailored for modern women.

Itaro

Series A in 2014
Itaro is an innovative e-commerce platform specializing in the automotive sector, offering a comprehensive marketplace for both physical products and automotive services. The platform features a wide range of products, including tires, car accessories, and parts, while also facilitating the booking and evaluation of various automotive services. Clients can efficiently manage payment and scheduling through Itaro's web and mobile applications. The company collaborates with approximately 700 partner garages throughout Brazil to deliver acquired services, ensuring convenience for customers. Additionally, Itaro provides a business-to-business platform designed to support these partnering garages with a variety of services, enhancing their operational capabilities.

Omie

Angel Round in 2014
Omie is a Brazilian software company that provides cloud-based enterprise resource planning and financial services for small and medium-sized businesses. Its platform combines accounting, customer relationship management, and invoicing tools, enabling users to issue fiscal notes, manage receivables, and monitor day-to-day operations while integrating customer data across the business. The platform also serves as an ecosystem linking entrepreneurs with accounting firms, facilitating collaboration through consultants and enablers who promote adoption. Founded in 2013 and headquartered in São Paulo, Omie emphasizes simplicity, intuitive use, and affordability.

Clicksign

Seed Round in 2014
Clicksign is a Brazilian company based in São Paulo that specializes in electronic document signing solutions. Founded in 2010 by Michael Bernstein, Clicksign offers a cloud-based platform that enables users to send and sign documents online without the need for a digital certificate. The platform simplifies the signing process for various types of documents, including business contracts, loans, insurance proposals, and school enrollment forms. By streamlining the electronic signing process, Clicksign helps users efficiently close deals and reduce bureaucratic obstacles, making document management more accessible and convenient.

Sophie & Juliete

Series B in 2014
Sophie & Juliete is a Brazilian company founded in 2012, based in Sao Paulo, that operates an online jewelry and accessories platform. The company specializes in social selling, providing women with the opportunity to establish their own fashion businesses. Its accessories line is sold exclusively through independent stylists, who can market the products online or host sales events in private settings, such as gatherings at friends' homes. Sophie & Juliete aims to integrate social media and internet sales to create flexible and profitable business opportunities tailored for modern women.

Smartbill Assinaturas

Seed Round in 2013
Smartbill is a cloud-based subscription management system that allows companies of all sizes to join the subscription business model. Smartbill is available only companies operating in Brazil (by now). The system covers all the subscription cycle: (a) Subscription - business rules, pricing, payment method, parameters, etc, (b) invoicing, (c) billing, (d) payment conciliation and (e) upgrades, downgrades, add-ons, renewals.

Smartbill Assinaturas

Seed Round in 2013
Smartbill is a cloud-based subscription management system that allows companies of all sizes to join the subscription business model. Smartbill is available only companies operating in Brazil (by now). The system covers all the subscription cycle: (a) Subscription - business rules, pricing, payment method, parameters, etc, (b) invoicing, (c) billing, (d) payment conciliation and (e) upgrades, downgrades, add-ons, renewals.

Mais.im

Angel Round in 2012
Mais.im provides a communication and productivity platform for enterprises. Fernanda Fonseca and Marcio Clume founded it on August 15, 2011, with its headquarters in Juiz de Fora in Brazil.

LojasKD

Series B in 2012
LojasKD is a Brazilian company that specializes in the online sale of furniture products. Founded in 1997 and headquartered in Pinhais, Brazil, the company operates an e-commerce platform that provides a diverse selection of furniture for home decoration. LojasKD focuses on offering quality furniture at affordable prices, facilitating a convenient shopping experience for its customers.

Ciatech

Series A in 2012
Ciatech, established in 1996 and headquartered in São Paulo, Brazil, specializes in B2B solutions for corporate training and development. The company offers a range of services including the creation of customized e-learning courses, off-the-shelf content, learning management system platforms, and corporate social networks. Ciatech also develops innovative digital learning experiences using modern educational methodologies and advanced technology to contribute to business results across various organizations.

Dualtec

Series A in 2011
Dualtec Informática S.A., founded in 1988 and headquartered in São Paulo, Brazil, specializes in cloud computing solutions that cater to mission-critical and high-volume requirements. The company provides a range of services including private, public, and hybrid cloud design and development, as well as cloud management and consulting. Additionally, Dualtec offers infrastructure, security, data storage, application delivery networking, hosting, and domain registration services. In 2015, Dualtec became a subsidiary of UOLDIVEO, Inc., further expanding its capabilities in the cloud services market.

HelpSaúde

Seed Round in 2011
HelpSaúde Brazil SA is an online health services platform based in Rio de Janeiro that connects patients with a wide range of healthcare professionals and facilities, including doctors, dentists, hospitals, and clinics. Founded in 2009, the platform allows patients to search for medical providers across various specialties, such as angiology, cardiology, dermatology, gynecology, neurology, orthopedics, pediatrics, psychology, and urology, among others. By facilitating online appointment scheduling, HelpSaúde enhances the convenience of accessing healthcare services, making it easier for patients to manage their medical needs efficiently.

Navegg

Seed Round in 2010
Navegg is a Brazilian company that provides data-driven marketing and online targeting solutions. It collects anonymous navigation data from websites that implement its JavaScript tag to build audience profiles and segments used for planning, targeting, retargeting, and measuring campaign results. The platform aggregates behavior, interests, and sociodemographic indicators across millions of users to support audience analysis, planning, segmentation, and insights for advertisers, agencies, publishers, and ecommerce sites. It offers analytics tools for blogs and small sites and ecommerce insights for mid-sized merchants, including audience profiling, purchase intent, behavior analysis, and attribution metrics. Based in São Paulo, Navegg positions itself as a provider of data management, online advertising, and analytics services that help optimize communications and ROI across digital channels.

Portal Educação

Series A in 2010
Portal Educação Ltda. is a prominent provider of e-learning services based in Campo Grande, Brazil, established in 2001. The company specializes in delivering a diverse range of educational courses, including online continuing education, postgraduate programs, and career development resources. It also offers language courses in English and Spanish, as well as preparation for public employee job exams. Additionally, Portal Educação features an e-Magazine that embodies the principles of Web 2.0, providing users with relevant news and updates. By leveraging an engaging learning management system and multimedia content, Portal Educação aims to enhance the educational experience for adult professionals and individuals seeking personal growth across various fields.
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